重要内容提示： 业绩预告相关的主要财务数据情况：经财务部门初步测算，预计公司2025年半 年度实现归属于母公司所有者的净利润为600万元到900万元，预计2025年半年度实现归 属于母公司所有者的扣除非经常性损益后的净利润为280万元到420万元。 2025年半年度业绩预盈公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 业绩预告的具体适用情形：净利润实现扭亏为盈。 证券代码：603608 证券简称：天创时尚 公告编号：临 2025-055 债券代码：113589 债券简称：天创转债 天创时尚股份有限公司 （二）每股收益：-0.02元。 二、上年同期业绩情况 三、本期业绩预盈的主要原因 （一）利润总额：-756.91万元，归属于母公司所有者的净利润：-943.88万元，归属 于母公司所有者的扣除非经常性损益的净利润：-1,394.54万元。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年6月30日。 （二）业绩预告情况 经财务部门初步测算，预计公司2025年半年度实现归属于母公司所有者的净利 ...

天创时尚：初步测算，预计公司2025年半年度实现归属于母公司所有者的净利润为600万元到900万元， 预计2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润为280万元到420万元。 ...

Summary of Key Points Core Viewpoint - The company reported on the conversion status of its convertible bonds, indicating limited conversion activity and a significant amount of unconverted bonds remaining. Group 1: Convertible Bond Issuance Overview - The company issued 6 million convertible bonds on June 24, 2020, with a total value of 60 million yuan and a maturity of 6 years [2]. - The bonds began trading on July 16, 2020, under the name "Tian Chuang Convertible Bonds" with a code of 113589 [2]. - The conversion period for these bonds is from January 4, 2021, to June 23, 2026, with an initial conversion price set at 12.64 yuan per share [2]. Group 2: Conversion Status - From April 1, 2025, to June 30, 2025, the total amount converted was 1,000 yuan, resulting in 81 shares being issued, all from newly issued shares [3]. - As of June 30, 2025, a total of 619,000 yuan of "Tian Chuang Convertible Bonds" had been converted into 50,080 shares, with 2,026 shares being treasury stock and the rest being new shares, representing 0.011677% of the total shares outstanding prior to conversion [3]. - The amount of unconverted convertible bonds stands at 66,606,000 yuan, accounting for 11.1010% of the total issuance [3]. Group 3: Share Capital Changes - Prior to the conversion on March 31, 2025, the total share capital was 419,715,446 shares, which increased by 81 shares due to the conversion, resulting in a new total of 419,715,527 shares as of June 30, 2025 [3].

Core Viewpoint - The company is utilizing part of its idle funds for low-risk financial management products to enhance the efficiency of fund usage while ensuring liquidity for normal operations [1][2][15]. Summary by Sections Overview of Entrusted Financial Management - The purpose of the entrusted financial management is to improve the efficiency of idle funds while ensuring liquidity for the company's normal operations [2]. - The total investment amount for this financial management is 132 million RMB [2]. - The source of funds for this financial management is the company's idle self-owned funds [2]. Details of Financial Products - The company has invested in various structured deposit products with different banks, including: - 32 million RMB in a structured deposit with a yield of 1.00% to 1.80% [4][8]. - 30 million RMB in another structured deposit with a yield of 0.70% to 2.30% [6]. - 25 million RMB in a structured deposit with a yield of 1.00% to 2.00% [10]. - The total amount of entrusted financial management products currently not recovered is 232 million RMB [1][13]. Risk Control Measures - The company has established internal controls to monitor the risks associated with the entrusted financial management, including timely analysis and tracking of the investment products [12]. - The financial center is responsible for managing the investment products and ensuring compliance with prudent investment principles [12]. Financial Impact - As of March 31, 2025, the company's total assets were approximately 1.63 billion RMB, with total liabilities of about 569 million RMB and net assets attributable to shareholders of approximately 1.04 billion RMB [13]. - The company has utilized 23.2 million RMB of its idle funds for entrusted financial management, which is 22.25% of its latest audited net assets [13][14]. Decision-Making Process - The board of directors approved the use of idle funds for entrusted financial management with a unanimous vote [16]. - The supervisory board also agreed with the decision, emphasizing that it would not adversely affect the company's operations or shareholder interests [16].

| 证券代码：603608 | 证券简称：天创时尚 | 公告编号：临 2025-054 | | --- | --- | --- | | 债券代码：113589 | 债券简称：天创转债 | | 天创时尚股份有限公司 关于使用部分闲置自有资金委托理财的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 （一）委托理财的目的 在保证公司正常经营所需的流动性资金的情况下，提高闲置自有资金使用效 率，降低财务成本。 重要内容提示： 投资种类：安全性高、流动性好的低风险型理财产品。 投资金额：本次委托理财的本金为 13,200 万元人民币，截至本公告披露 日，尚未收回的本金余额为 23,200 万元人民币（含本次委托理财）。 已履行的审议程序：经公司第五届董事会第十次会议、第五届监事会第 九次会议审议通过《关于 2025 年度使用部分闲置自有资金进行委托理财的议案》， 同意公司及子公司使用最高额度不超过人民币 40,000 万元的闲置自有资金进行 阶段性委托理财，在确保不影响自有流动资金使用的情况下滚动使用。 特别风险提示：公 ...

| 证券代码：603608 | 证券简称：天创时尚 | 公告编号：临 2025-052 | | --- | --- | --- | | 债券代码：113589 | 债券简称：天创转债 | | 天创时尚股份有限公司 担保对象及基本情况 | | 被担保人名称 | "天创智造"） | | 广州天创智造科技有限公司（以下简称 | | --- | --- | --- | --- | --- | | | 本次担保金额 | 人民币 | 1,300 万元 | | | 担保对象 | 实际为其提供的担保余额 | 人民币 | 万元 5,000 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股子公 司对外担保总额（万元） | 5,000 | | 对外担保总额占上市公司最近一期经 | 4.80 | | 审计净资产的比例（%） | | | 特别风险提示（如有请勾选） | □对外担保总 ...

| 证券代码：603608 | 证券简称：天创时尚 | 公告编号：临 2025-053 | | --- | --- | --- | | 债券代码：113589 | 债券简称：天创转债 | | 天创时尚股份有限公司 关于可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 本季度转股情况："天创转债"自 2025 年 4 月 1 日至 2025 年 6 月 30 日期间，累计转股金额为 1,000 元，因转股形成的股份数量为 81 股，全部使用 新增股份作为转股来源。 累计转股情况：截至 2025 年 6 月 30 日，累计共有 619,000 元"天创转 债"转换为公司股票，累计转股数量为 50,080 股（其中 2,026 股为库存股，其余 均为新增股份），占可转债转股前公司已发行股份总额（即 2021 年 1 月 3 日总 股本 428,895,467 股）的 0.011677%。 未转股可转债情况：尚未转股的可转债金额为 66,606,000 元，占可转债 发行总量的 11. ...

| 证券代码：603608 | 证券简称：天创时尚 | 2025-051 | 公告编号：临 | | --- | --- | --- | --- | | 债券代码：113589 | 债券简称：天创转债 | | | 天创时尚股份有限公司 关于使用部分闲置自有资金委托理财的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、本次委托理财概述 （一）委托理财的目的 在保证公司正常经营所需的流动性资金的情况下，提高闲置自有资金使用效 率，降低财务成本。 （二）投资金额 公司本次投资委托理财产品的本金为 11,000 万元人民币。 重要内容提示： 投资种类：安全性高、流动性好的低风险型理财产品。 投资金额：本次委托理财的本金为 11,000 万元人民币，截至本公告披露 日，尚未收回的本金余额为 21,890 万元人民币（含本次委托理财）。 已履行的审议程序：经公司第五届董事会第十次会议、第五届监事会第 九次会议审议通过《关于 2025 年度使用部分闲置自有资金进行委托理财的议案》， 同意公司及子公司使用最高额度不超过人民币 ...

Core Viewpoint - Tianchuang Fashion's financial performance is declining, with a significant drop in revenue and an increase in net loss, indicating operational challenges ahead [1][4]. Company Announcements Summary - Tianchuang Fashion reported a 13.74% year-on-year decline in revenue for 2024, amounting to 1.099 billion yuan, and a net loss of 91 million yuan [1][4]. - The company closed 224 stores in 2024, resulting in a reduction of 448 employees [1][4]. - As of the end of 2024, the company's inventory balance was 254 million yuan, reflecting a decrease of 54 million yuan year-on-year [1][4]. - The company increased short-term debt due to new borrowings to repay the current bonds, leading to a rise in short-term liabilities [1][4]. Credit Rating Summary - Tianchuang Fashion's credit rating and the Tianchuang convertible bond rating are both maintained at "A-", with a negative outlook [2][4]. - The company will pay interest on the convertible bonds at a rate of 1.80% on June 24, 2025, with the actual distribution amounting to 1.44 yuan after tax for individual investors [2][4].

Core Viewpoint - The credit rating of Tianchuang Fashion Co., Ltd. remains at A- with a negative outlook due to declining sales, increasing losses, and high inventory pressure in the competitive women's footwear market [2][4][5]. Company Overview - Tianchuang Fashion has over 20 years of experience in the women's footwear industry, with a focus on self-owned brands that maintain a certain level of recognition in the mid-range market [2][4]. - The company has expanded its product line to include sports footwear, increasing the sales proportion of this category from 5.9% in 2023 to 16% in 2024 [2][19]. Financial Performance - In 2024, the company's operating income decreased by 13.74% year-on-year, with a net loss of 0.91 billion yuan [5][15]. - The total assets as of March 2025 were 16.34 billion yuan, with total liabilities of 3.66 billion yuan [2][3]. - The company's cash flow from operating activities was 0.32 billion yuan, indicating a decline in cash generation ability [3][5]. Market Environment - The domestic women's footwear market is highly competitive, with sales continuing to decline, although at a slower rate. The total sales for women's footwear in 2024 were 263.67 billion yuan, down 1.27% year-on-year [11][12]. - The industry faces significant pressure from high inventory levels and reduced consumer demand, leading to a challenging operating environment [11][12][14]. Inventory and Sales Pressure - The proportion of inventory to total assets was 14.63% in 2024, indicating a high level of inventory pressure that consumes working capital [5][20]. - The company closed 224 stores in 2024, resulting in a total of 944 stores as of March 2025, reflecting a strategy to streamline operations [16][17]. Competitive Position - The company competes with both domestic and international brands in the women's footwear market, where brand recognition, quality, and pricing are critical factors for success [14][12]. - The sales contribution from major brands like KISSCAT and TIGRISSO remains significant, with stable gross margins despite overall sales declines [19][15].